Eddy Cue, the vice president of Apple, began working from a strategic base around which he has turned round the company. This paper looks at how one can implement a strategic development idea in a creative way like Eddy Cue did hence the phrase a ‘creative thinker’.
It is important to gauge an entrepreneur’s source of inspiration. Every project begins with an idea. An idea may be born out of the needs of customers or out of corporate studies.
An idea forms the platform and the path on which the thinker follows. Upon coming up with the idea, the right and easily affordable tools should be used to implement the idea. In addition, critical ideas should be sifted out to establish their effectiveness.
It is also crucial to involve the community and top innovators to evaluate and comment about your project. With time, shift from ad- hoc decisions to clearly drawn procedures that will help establish the true rating of the product ideas (Stamm, 2008, p.367- 374). These are the practical things that Eddy Cue found necessary.
For any strategic project to succeed, time and personal determination are a requirement. Cue’s creative concepts were based on efficient time allocation. Just because one has a concrete idea is not enough to ensure that the project succeeds. A sufficient amount of time will be required to ensure that the project to turns into a reality.
Creative work is also driven along the motivation for the project. It is therefore important to maintain the motivation through discipline and consistency (Gonzalez, 2008, para. 8).
Get your 100% original paper on any topic done in as little as 3 hours Learn More The approach that an individual gives the idea determines the success of the project. After securing enough time Eddy Cue gave his strategic idea a comprehensive approach. He assumed the position of a leader towards his distribution of tasks and programming. As a leader in a project it is critical to draw proper designs and adequately distribute the applications.
Success in implementing development strategies is driven by involving customers in the early stages of the project. This ensures that there is a ready market for the product being designed. Early adopters and consumers who are open too new ideas will always embrace the product. This in turn will provide the business with an additional market unlike other businesses where the consumers need awareness first and trials of the product being introduced (Stamm, 2008, p.367- 374).
Finally, creative innovators think about how the product will be delivered. As a result of the radical innovations within Apple Company, Eddy Cue and his management crew embarked on providing sufficient information to the external community. This equips the customers with the right information about the product or service hence minimizing false expectations among the potential users of the product or service. Further, Eddy Cue paid attention to his daily behaviors so as to ensure that they were in line with his strategic idea (Gonzalez, 2008, p.367- 374).
In summation, software development requires generation of effective ideas. In addition, sufficient time should also be allocated to ensure that the implementation process succeeds. The success of the project is also determined by the effectiveness with which various tools and techniques are incorporated.
Reference List Gonzalez, J. (2008). Developing for the iPhone – chapter two: the strategy. Web.
Stamm, B. (2008). Managing innovation, design and creativity. U.S: John Wiley and Sons. https://books.google.co.ke/books?id=IlC7bN94zWgC
Leasing Buildings Advantages and Disadvantages Report
Nursing Assignment Help Table of Contents Introduction
Sale of the Company’s Headquarters Building
Introduction The purpose of this business report is to analyze and discuss the advantages and disadvantages of leasing buildings, medical equipment and office furniture and equipment. This analysis should explain how the company will benefit (or lose) from selling its headquarters and leasing them back from the buyer.
It is essential to understand the pros and cons of such an action before embarking on it. Thus a professional investigation should reveal the advantages and disadvantages of selling and then leasing the company’s headquarters as opposed to maintaining them. Through understanding this breakdown, the management will be in a better position to decide whether to sell or maintain them.
Advantages Leasing can be defined as the act of obtaining something (for example property, equipment, or building) from another person (the owner) for a specific period of time under a lease agreement and payment of lease charges. One benefit of leasing is that it trims down the cost of ownership of essential assets whose expenditure involves colossal amount of cash.
Through leasing, an individual can be able to finance many assets compared to purchasing only one brand new asset. Another advantage of leasing is that, one is relieved off the worry of disposing an asset once it is worn out.
All assets (except land) depreciate in value and become obsolete with time (Anon. “Advantages and disadvantages of lease financing for businesses”, 2005). The owner has to dispose off the assets that can no longer be used and obtain new ones. However, the person leasing the equipment is under no obligation liable for replacing the assets once they are worn out and leaves them as they are once the lease period is over.
Under leasing, one pays a fixed rate every month which is also inflation friendly. That is, as inflation rises the lease rate remains constant over a period of up to five years. Another advantage of leasing is that, one is able to utilize equipments by renting only the necessary equipments.
Once a lease period is over, a person can be able to upgrade with technology by leasing new equipments as opposed to owning old and outdated equipments which would be difficult or rather expensive to dispose and buy the new ones. Leasing also has tax benefits that depend on the structure of the lease (Anon. “Leasing in Business- advantages and disadvantages”, 2009).
Get your 100% original paper on any topic done in as little as 3 hours Learn More Disadvantages Leasing is a form of financing that is preferred by many businesses, although not all. Before leasing, certain things has to be put into consideration such as the type of equipment required, and the kind of business. Also one has to consider the tax implications between leasing and purchasing the equipment. One of the bad things about leasing is that it becomes expensive in the long run as opposed to owning the item.
In leasing one can rent an item over long periods of time and will never own the item (Wakelin, et al 2003). If the money spent on leasing can be accumulated it would by far be more than the actual money that would have been spent if the item was bought from the very start.
Another disadvantage is that, if the lease agreement is terminated before it expires, mainly because of damage, then the person leasing the item in question will be expected to pay additional charges on top of the lease charge. Not everyone can lease equipment, before being allowed to get any equipment through leasing; one has to prove credit worthiness and good employment history. This becomes an advantage for one who is buying the item since there are no qualifications that have to be met.
Sale of the Company’s Headquarters Building One advantage the company stands to benefit from by selling its headquarters building is an increase in its current liquidity status which can be used to expand production. By leasing the building, the company will have to pay a small amount of money every month giving it a chance to expand the business and concentrate on more productive ventures.
Another advantage is that it will not have to lease the entire building but can lease some offices and utilize them for maximum production. By leasing, the company is not required to cater for depreciation but will only pay the lease charges as agreed irrespective of the period of time it remains on the leased building (Enterprise Financial solutions, Inc 2002).
One disadvantaged of selling the buildings is that, the company will receive a significant less amount of money than it had spent to put up the building or to purchase it when it was still new. By leasing the building, the company will not have equal rights over the building like before and will be expected to maintain it in a good condition.
The new owner has a right to terminate the lease agreement if the company messes around with it and will be expected to pay an additional charge to repair the building. In the long run, the company will pay a higher amount of money that the amount obtained at the time of sale (Spiritleo, 2010).
We will write a custom Report on Leasing Buildings Advantages and Disadvantages specifically for you! Get your first paper with 15% OFF Learn More I would therefore advice the management of the company not to dispose the building because the long run benefits of maintaining it surpass the proceeds obtained from selling it. The building can also be used as collateral for borrowing loans from financial institutions which would otherwise be difficult if the company has no tangible assets.
Reference List Anon. (2005). Advantages and disadvantages of lease financing for businesses. Allbusiness.com. Web.
Anon. (2009). Leasing in Business- advantages and disadvantages. Web.
Enterprise Financial solutions, Inc (2002). Advantages of leasing. Web.
Spiritleo (2010). Advantages and disadvantages of leasing. Web.
Wakelin, et al (2003). Leasing equipments for business. Web.